Tue, Mar 16 2010, 8:48 AM
Tue, Mar 16 2010, 8:11 AM
The dollar is weaker and equities look to open higher as investors await the afternoon policy statement from the Federal Reserve Board.
Two hours b...
Tue, Mar 16 2010, 5:05 PM
The Federal Open Market Committee (FOMC) met for a one day meeting today. Usually they meet for two. At 2:15, the FOMC released their statement on mon...
Mon, Mar 15 2010, 8:01 AM
Equity markets are mostly lower across the globe Monday, leading US stocks to open sharply lower ahead of a moderately busy schedule.
Two hours bef...
Mon, Mar 15 2010, 6:24 PM
After a slow week of economic data, the calendar picks up in the days ahead.If you followed my advice on floating over the weekend, you picked up some...
Tue, Mar 2 2010, 10:46 AM
Mortgage Support Needed in Russia; Jumbo Market Making a Comeback?; Warehouse Lending; Investor Updates
Mon, Mar 1 2010, 10:20 AM
Residential construction was at a seasonally adjusted annual rate of $260.8 billion in January, 1.3 percent above the revised December estimate of $25...
Mon, Mar 1 2010, 10:13 AM
Mandatory Loan Commitment Speedbump? GSE Earnings; Interest Only Loans a Thing of the Past; More on HUD, RESPA, and the GFE
Mon, Mar 1 2010, 8:25 AM
Markets are optimistic ahead of another busy week of data. Equities are looking for a higher opening, commodities are mixed, the dollar is slightly up...
Mon, Mar 1 2010, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Fri, Feb 26 2010, 8:18 AM
Since Monday the benchmark S&P 500 has tumbled 0.56% but with fresh data on housing, growth, manufacturing, and consumer sentiment all before Noon, th...
Wed, Feb 24 2010, 9:59 AM
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest month...
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
Mon, Feb 22 2010, 8:30 AM
Global equities are mostly higher Monday including gains of more than 2% in Japan and Hong Kong. In Europe, where George Provopoulos, governor of the ...
Wed, Feb 17 2010, 10:11 AM
Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has beg...
Wed, Feb 17 2010, 10:07 AM
Fannie Mae Approved Mortgage Insurers; Electronic Appraisals; Foreclosures and Home Supply; Lender Updates
Wed, Feb 17 2010, 8:31 AM
Stocks are looking for another positive open after the benchmark S&P 500 climbed 1.80% yesterday. One hour before the open, futures on the Dow are up ...
Wed, Feb 17 2010, 5:04 PM
After making marginal improvements yesterday, the interest rate market gave back all gains in the overnight session. This weakness was then supported ...
Tue, Feb 16 2010, 10:26 AM
Mortgage Broker Population Dwindling; Loan Buybacks Create Opporunity; FDIC Rebuttal to OneWest Video; GSE Overlays
Tue, Feb 16 2010, 8:42 AM
Uncertainty remains as to whether Greece will resolve its debt issues, but markets around the globe were mostly higher Tuesday and the euro recovered ...
Fri, Feb 12 2010, 10:47 AM
Home Builders Preparing for Spring Buying Season; Hope for Mortgage Brokers; Continued GSE Discussion
Tue, Feb 2 2010, 10:16 AM
Economists were expecting to see a small rebound in December Pending Homes Sales following a 16.4% decline in November, they got exactly what they wer...
Tue, Feb 2 2010, 10:07 AM
Fannie Mae Imminent Default Indicator; Borrower Funded Temporary Buydowns; DR Horton Out of the Red; Anti-Flipping Debate
Mon, Feb 1 2010, 9:53 AM
FDIC Bank Closures and Links; Auto Delinquencies vs. Home Loan Delinquencies; Wells, GMAC Bulletins
Mon, Feb 1 2010, 8:09 AM
It’s a busy week ahead and two hours before Monday’s opening bell investors are optimistic.
Dow futures are up 41 points to 10,058 and S&P 500 futu...
Mon, Feb 1 2010, 2:54 PM
The Commerce Department today released December New Construction Spending data. Spending was worse than forecast, -1.2 percent to an annual rate of $9...
Mon, Feb 1 2010, 1:33 PM
With the Employment Situation report due out later this week and mortgage rates holding at the best levels of the year, I continue to advise locking. ...
Wed, Jan 27 2010, 10:50 AM
Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000. This is 7.6% below the revised for the better No...
Wed, Jan 27 2010, 5:33 PM
MORTGAGE RATES MOVED HIGHER AFTER THE FOMC RELEASE. Reports from fellow mortgage professionals now indicate lender rate sheets to be worse than yester...
Mon, Jan 25 2010, 11:13 AM
After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sale...
Thu, Jan 21 2010, 8:25 AM
After shedding more than 1% yesterday equity futures have been volatile Thursday morning as investors anticipate earnings results and fresh economic d...
Wed, Jan 20 2010, 12:47 PM
Building permits rose 10.9% in December to a seasonally adjusted annual rate of 653,000. Housing starts fell 4.0% to a seasonally adjusted annual ra...
Wed, Jan 20 2010, 9:52 AM
FHA tweaks program; Earnings from BofA, Wells, MS; some thoughts on success in 2010
Wed, Jan 20 2010, 8:18 AM
Equity futures are sharply lower this morning as Bank of America reported it had lost $5.2 billion in the fourth quarter. The Republican upset in the ...
Wed, Jan 20 2010, 3:57 PM
Reports from fellow mortgage professionals indicate improved rate sheets this morning. The par 30 year conventional rate mortgage has dipped to the 4...
Tue, Jan 19 2010, 12:57 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be unchanged this morning. The par 30 year conventional rate mortgage remai...
Tue, Jan 19 2010, 10:33 AM
HUD Changes Flip Policy; FDIC First Time Home Buyer Classes; Federal Home Loan Bank IRR Resources; Bank Earnings; Lender Updates
Tue, Jan 19 2010, 8:33 AM
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off ...
Tue, Jan 12 2010, 2:17 PM
In spite of issuing a disquieting set of projections for the mortgage industry last month, the Mortgage Bankers Association managed to issue even grim...
Mon, Jan 11 2010, 10:36 AM
SAFE Act Requires Credit Worthy Originator; RESPA Impact on VA Loans; Reverse Mortgage REMIC, Various investor updates
Tue, Jan 5 2010, 10:53 AM
In the data released today, which reported on contract activity in November, the pending home sales index fell more than expected to 96.0 from a revis...
Tue, Jan 5 2010, 10:39 AM
Fed MBS Program Extension Talk; State of Warehouse Lending; Condo Updates from Chase; News from Thornburg, Wells
Mon, Jan 4 2010, 9:25 AM
FHA Fee Capped Removed; Treasury Crosses $2 Trillion in Debt Sales; Pipeline Control Tactics; Updates from GMAC, UBOC, USB, Caliber, and Alerus
Mon, Jan 4 2010, 8:22 AM
“Regulatory and supervisory policies, rather than monetary policies, would have been more effective means of addressing the run-up in house prices . ....
Mon, Jan 4 2010, 1:56 PM
Reports from fellow mortgage professionals indicate the par 30 year conventional rate mortgage remains in the 5.00 to 5.25% range for well qualified c...
Tue, Dec 29 2009, 12:52 PM
In August, 17 of 20 cities reported month over month appreciations. In September 10 out of 20 cities reported month over month improvements. In Octobe...
Wed, Dec 23 2009, 12:36 PM
Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales a...
Tue, Dec 22 2009, 2:04 PM
In last month's report, existing-home sales surged 10.1 percent to an annual rate of 6.10 million units in October from a downwardly revised pace of 5...
Mon, Dec 21 2009, 10:42 AM
Bank Failure Update: Former IndyMac Buys Bank; Modification News from the Trenches; Bulletins from Fannie, BofA, Chase, USBHM, PMI, AmTrust
Wed, Dec 16 2009, 12:37 PM
While it is widely accepted that the Fed will keep the current Fed Funds rate at 0 to .25%, many market participants are hoping for minor changes to t...
